ACE CARDIOPATHY SOLUTIONS PVT. LTD. filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against CARDIAC CARE AND ALLIED HEALTH PVT LTD. due to non-payment of operational dues.
The Petitioner, ACE CARDIOPATHY SOLUTIONS PVT. LTD., is an operational creditor and supplier of medical devices and consumables.
The Respondent, CARDIAC CARE AND ALLIED HEALTH PVT LTD., is a hospital that purchased medical devices and consumables from the Petitioner.
The Petitioner claimed unpaid invoices amounting to Rs. 1,79,98,948.93 as principal and Rs. 19,73,329.59 as interest as of 31.01.2023.
The Respondent made timely payments until 31.03.2022, after which payments stopped.
The Respondent raised objections regarding discrepancies in invoices, overpricing, and collusion between the Petitioner and the former director.
The Respondent claimed that the Petitioner supplied two IVL devices with the same lot number, leading to withholding of payments by ECHS.
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ACE CARDIOPATHY SOLUTIONS PVT. LTD. filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against CARDIAC CARE AND ALLIED HEALTH PVT LTD. due to non-payment of operational dues.
The Petitioner, ACE CARDIOPATHY SOLUTIONS PVT. LTD., is an operational creditor and supplier of medical devices and consumables.
The Respondent, CARDIAC CARE AND ALLIED HEALTH PVT LTD., is a hospital that purchased medical devices and consumables from the Petitioner.
The Petitioner claimed unpaid invoices amounting to Rs. 1,79,98,948.93 as principal and Rs. 19,73,329.59 as interest as of 31.01.2023.
The Respondent made timely payments until 31.03.2022, after which payments stopped.
The Respondent raised objections regarding discrepancies in invoices, overpricing, and collusion between the Petitioner and the former director.
The Respondent claimed that the Petitioner supplied two IVL devices with the same lot number, leading to withholding of payments by ECHS.
…Respondent mad…
Respondent sent a…